# Zimmer Biomet (ZBH) Forecast Calculator

Interactive five-year financial forecast and DCF for Zimmer Biomet. Adjust revenue growth, margins, capex, and WACC to update revenue, free cash flow, and enterprise value.

- Canonical: https://finamodel.com/companies/zimmer-biomet/forecast
- Industry: Healthcare
- Forecast start year: 2026

## Historical data

| Year | Revenue | Free cash flow | EBITDA | Net income |
|---:|---:|---:|---:|---:|
| 2021 | 7982200000 | 1378700000 | 2143600000 | 1131600000 |
| 2022 | 6127500000 |  -  | 981500000 | -138900000 |
| 2023 | 6827300000 |  -  | 1798000000 | 401600000 |
| 2024 | 6939900000 |  -  | 1622700000 | 231400000 |
| 2025 | 7394200000 | 1290500000 | 2229400000 | 1024000000 |

## Frequently asked questions

### What does Zimmer Biomet do?

Zimmer Biomet is a global medical technology leader specializing in musculoskeletal healthcare and orthopaedics. The company designs, manufactures, and markets orthopaedic reconstructive products, sports medicine, biologics, extremities, and trauma products, alongside integrated digital and robotic technologies.

### What are Zimmer Biomet's primary revenue segments?

Zimmer Biomet generates revenue primarily from its Knees segment, which accounts for approximately 40% of sales. The Hips and S.E.T. (Sports Medicine, Extremities, Trauma) segments each contribute around 25% of total revenue.

### What is the assumed capital expenditure rate in the Zimmer Biomet financial model?

In the Zimmer Biomet financial model, capital expenditure (Capex) is assumed to be approximately 2.63% of revenue. This reflects the company's ongoing investment in manufacturing facilities and a massive pool of surgical instruments deployed to hospitals.

### What is the purpose of the Zimmer Biomet financial model?

The Zimmer Biomet financial model provides a comprehensive framework for equity valuation and scenario analysis. It helps equity research analysts and portfolio managers forecast earnings, assess the impact of recent acquisitions, and determine a fair value price target.

### Can I download an Excel financial model for Zimmer Biomet?

Yes, a comprehensive Excel financial model for Zimmer Biomet is available for download. This model allows users to forecast earnings, assess acquisitions, and perform scenario analysis for the company.

### What are the key balance sheet characteristics of Zimmer Biomet?

Zimmer Biomet's balance sheet is characterized by very high goodwill and intangible assets, typically 50% to 55% of total assets, reflecting legacy mergers and recent acquisitions. The company also maintains significant positive net working capital, primarily due to the massive inventory required to service surgeries.